ELLIOTT, Mr Rob , National Manager, Policy and Research, Australian Institute of Company Directors GRANT, Mr Stuart , Member of the Accounting and Financial Advisory Committee, Australian Institute of Company Directors SERVICE, Mr James Glen , Member of the Accounting and Financial Advisory Committee, Australian Institute of Company

CHAIR —I declare open this Joint Statutory Committee on Corporations and Securities hearing and welcome the witnesses who will be appearing before the committee this evening. The purpose of the hearing is to take evidence on the committee's inquiry into aspects of the regulation of proprietary companies. This is the

ACTING CHAIR —Welcome. I invite you to make a short opening statement, after which the committee will ask you questions. Mr Langfield-Smith —By way of brief introduction, I am a lecturer in accounting at Monash University's Clayton campus and I have been involved in financial reporting matters in various capacities

CHAIR —Welcome. Do you wish to make an opening statement before we proceed to questions? Mr Delaney —Thank you for our interests being referred to the committee once again and thus for the opportunity for us to appear. Our particular interest is the same one that it has been on

CHAIR —Welcome and thank you for appearing before the committee. Do you wish to make an opening statement before we proceed to questions? Mr Fisher —Just a very brief one. By way of background I should explain that the Office of Small Business provides policy advice and support to the

ELLIOTT, Mr Rob , National Manager, Policy and Research, Australian Institute of Company Directors GRANT, Mr Stuart , Member of the Accounting and Financial Advisory Committee, Australian Institute of Company Directors SERVICE, Mr James Glen , Member of the Accounting and Financial Advisory Committee, Australian Institute of Company

CHAIR —I declare open this Joint Statutory Committee on Corporations and Securities hearing and welcome the witnesses who will be appearing before the committee this evening. The purpose of the hearing is to take evidence on the committee's inquiry into aspects of the regulation of proprietary companies. This is the